In one of his recent articles at Banyan Hill Publishing, Matt Badiali features platinum as the next big buy in the market.
Currently, metals are not doing well in the market. The ongoing trade crisis is likely to cripple down China’s economy. China is the world’s largest producer of commodities, especially metals. With its great resources, China has the ability to turn raw ores into pure metals and consequently produce various products using the metals. It then ships the products to the rest of the world. As such, if China’s demand reduces, prices of metals such as Gold, Silver, Zinc, Copper and lead also reduces. The unending trade war between China and U.S significantly affects the market of these metals and other natural resources.
According to Matt Badiali, platinum has risen above the expectations of the current prices of metals by hitting a 14-year-low price. Platinum is considered a semiprecious metal used in making diesel fuel and jewelry. Today, platinum is cheaper than it was during the financial crisis about 14 years ago. Earlier in the year, the demand for platinum was above the supply making the South Africa mines to struggle in satisfying the market. The demand for jewelry was expected to shoot following the world economic growth, especially in China.
Notably, Matt cites that the future of platinum in the market is quite promising. Things are likely to settle down in this sector once the fears of trade war subside. Everybody is waiting for the time when will start going higher.
About Matt Badiali
Matt Badiali is a world-known geologist who owns an earth science master’s degree. In the early stages of his career journey, he engaged himself in travelling all around the globe while assessing the numerous sources of fuel such as coal mines and oil fields. Moreover, Badiali had the opportunity to interview different renowned Chief Executive Officers of companies dealing with energy supply. His insights on freedom checks and other investments on natural resources heavily rely on his deep knowledge and understanding of the sector. Over the years, Matt uses his investing expertise and vast experience by giving insights to investors on natural resources.
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